Boeing-Airbus Squabble Over Govt. Subsidies

Law360, New York (January 16, 2008, 12:00 AM EST) -- A quick settlement is still not on the horizon for rival aircraft manufacturers Boeing Co. and Airbus, as the companies' dispute over government funding continued in another round of hearings at the World Trade Organization on Wednesday.

The international trade clash pits the United States against the European Union, accusing each other of providing billions of dollars in subsidies to Boeing and Airbus respectively.

The impediment to a resolution has been that the European Commission hasn't had a mandate to negotiate a solution, said Robert Novick,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.